(Investing)– Oil prices slipped around $1 a barrel on Tuesday and were on track for a third straight day of declines as investors considered the impact of U.S. sanctions against Russia’s two biggest oil companies on global supply, along with a potential OPEC+ plan to raise output. Brent crude futures were down $1.09, or 1.7%, to $64.53 a barrel at 10:44
(Investing) – LONDON – Oil prices slipped on Thursday after surging in the previous session on a larger-than-expected draw in U.S. gasoline stocks, as markets weighed macroeconomic concerns and demand versus supply expectations. Brent futures were down 37 cents, or 0.5%, at $70.58 a barrel at 10:25 a.m. EDT (1425 GMT), while U.S. West Texas Intermediate crude futures fell 39 cents, or
CNBC Oil prices were little changed on Monday after losing about $1 a barrel in the previous session on signs that U.S. policymakers are likely to keep interest rates higher for longer. Brent crude futures were up 21 cents at $83 a barrel by 1036 GMT. U.S. West Texas Intermediate crude futures were up 27 cents at $78.53. Although prices
US News LONDO – Oil prices extended gains on Wednesday, as investors mulled supply risks stemming from Ukrainian attacks on Russian refineries and the potential for escalation in the Middle East conflict, while OPEC+ ministers held steady their output policy. Brent crude futures for June rose 76 cents, or about 0.9%, to $89.68 per barrel at 1346 GMT, having hit
Yahoo Finance LONDON – Commodities pricing agency Platts said on Monday its addition of U.S. WTI Midland crude into the global Brent oil benchmark has gone well, and it won’t be necessary to add any further crudes for the time being. Platts, part of S&P Global Commodity Insights, added Midland to its dated Brent price assessment in May 2023, bolstering
Oil Price Brent crude oil broke past the $80 resistance level on Wednesday, as tensions in the Middle East continued to rise and as Houthi attacks on Red Sea shipping showed no signs of easing, prompting concerns of price-impacting disruptions to the energy trade. At 10:38 a.m. ET on Wednesday, Brent was trading at $80.20, up 1.22% on the day,
Investing Brent and U.S. crude futures climbed more than 2.5%, gaining $2 a barrel on Monday, as further supply cuts in OPEC+ production are expected in the coming weeks. Brent crude futures were up $2.19 to $82.80 a barrel by 10:32 a.m. CT (1632 GMT). U.S. West Texas Intermediate crude was up $1.98, or 2.6% at $77.87. The front-month December WTI contract expires
US News LONDON – Increased exports of oil from the United States into Europe and Asia mean U.S. crude has snatched back its primacy in setting international pricing after North Sea grades have for decades determined the value of the world’s most traded commodity. The trend has calmed volatility and limits the potential for trading plays, known by traders
Oil Price Money managers boosted their net bullish bets on Brent Crude by the second-largest amount on record following the surprise announcement from major OPEC+ producers that they would remove more than 1 million barrels per day (bpd) from the market between May and December. Speculators and traders added as many as 73,000 contracts to the net long position –
BOE Report Global oil benchmark Brent crude could rise past $150 a barrel if there is a sharp contraction in Russian oil exports, Bank of America (BofA) Global Research said on Friday. Oil prices surged after Russian’s Ukraine invasion, which Moscow calls a “special operation”, and are currently just below the $120 a barrel level. “With our $120/bbl Brent target
CNBC Oil prices on Thursday jumped following Russia’s invasion of Ukraine, with international benchmark Brent crude surpassing $100 a barrel for the first time since 2014. The attack is expected to have far-reaching implications for energy markets given Russia’s role as the world’s second-largest producer of natural gas and one of the world’s largest oil-producing nations. Oil prices have jumped more than
Oil Now SINGAPORE (Bloomberg) –Brent oil traded near the highest intraday level since 2014 as the market tightened and concerns about the impact of omicron eased. Futures in London held at about $86 a barrel after a fourth weekly advance on Friday, with gains tempered by signs of slowing Chinese economic growth. High prices are justified and futures could rise
